WILLIAM M. DALEY - 15 Dec 2022 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Vice Chairman - Public Affairs
Signature
William M. Daley, by Janet McGinness, as Attorney-in-Fact
Issuer symbol
WFC
Transactions as of
15 Dec 2022
Net transactions value
-$158,560
Form type
4
Filing time
19 Dec 2022, 11:40:21 UTC
Previous filing
17 Mar 2022
Next filing
26 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +8,322 +41% $0.000000 28,570 15 Dec 2022 Direct F1, F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $158,560 -3,833 -13% $41.37 24,738 15 Dec 2022 Direct
holding WFC Common Stock, $1 2/3 Par Value 5,600 15 Dec 2022 Through IRA
holding WFC Common Stock, $1 2/3 Par Value 5,500 15 Dec 2022 Through Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WFC Restricted Share Right Options Exercise $0 -8,322 -100% $0.000000* 0 15 Dec 2022 Common Stock, $1 2/3 Par Value 8,322 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Number of shares represents a Restricted Share Right ("RSR") vesting on December 15, 2022. Original grant date was November 19, 2019. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F2 Includes the following shares acquired through Wells Fargo & Company's (the "Company") dividend reinvestment plan: 60.171 shares on 6/1/2022, 75.285 shares on 9/1/2022, and 72.4744 shares on 12/1/2022.
F3 Each RSR represents a contingent right to receive one share of Company common stock.
F4 These RSRs vest in three installments: one-third on 12/15/2020, 12/15/2021, and 12/15/2022. As a condition to receiving the grant, the reporting person agreed to hold, while employed by the Company and for one year after retirement, shares of Company common stock as required under the Company's Stock Ownership Policy.

Remarks:

Exhibit 24 - Power of Attorney